Check out the F&O trends and strategies for select stocks such as Larsen & Toubro, Maruti Suzuki, UCO Bank, Arvind and Crompton Greaves with Nitin Murarka, Head-Derivatives at SMC Global:
SmartInvestor : Markets have remained range bound after sharp gains yesterday. The Nifty seems to be hovering around 6,250 levels so far. What is your call on the Nifty futures for the week ahead post the election results announcement?
Nitin Murarka : In the current series lot of option buying seen in 6400, 6500, 6600 call option as indicated by open interest buildup. There is put writing in 6000 strike as it has maximum open interest. I think market should breakout on the upside and can touch 6400 levels next week.Stoploss for the long position should be placed around 6220 Nifty future.
SmartInvestor : L&T seems to be active in the options segment today. The stock has been in an uptrend from Rs 930 levels. What is your take on the stock for Dec options expiry?
Nitin Murarka : Capital goods sector had very strong rollover in December series. LT had positive rollover of more than 75%. I n the recent past stock has taken support around 1030 levels and again moved up. Today also I am seeing open interest addition of 4%. I think LT should touch 1140 levels in the December expiry. I would recommend hold/buy with stop loss of 1030 spot price.1100 strike call is very active today. i would recommend to buy 1100 strike call option.
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